Dubai Taxi Company PJSC (DTC) has signed an agreement to acquire 100% of National Taxi LLC in a transaction valued at AED 1.45 billion, marking one of the largest recent consolidation moves in the UAE mobility sector.
The acquisition will be financed through new bank debt facilities, with the final consideration subject to adjustments under the terms of the agreement.
National Taxi Expands DTC’s UAE Presence
Founded in 2000, National Taxi operates approximately 2,500 licensed taxi plates and a fleet of more than 2,700 vehicles across Dubai, Abu Dhabi and Al Ain.
During the year ended 31 July 2025, the company completed 25.4 million trips, achieved a 98% fleet utilisation rate and generated AED 774 million in net revenue alongside EBITDA of AED 183 million.
DTC said National Taxi’s operating structure closely aligns with its existing platform, allowing for smoother operational integration.
Strengthening Market Leadership
Following completion of the transaction, DTC’s market share in Dubai is expected to increase from 47% to approximately 59%.
The acquisition will also establish a significant presence for DTC in Abu Dhabi, where it is projected to hold a 12% market share.
The combined business is expected to operate a fleet of more than 14,000 vehicles and support around 78 million annual trips across the UAE.
DTC plans to retain the National Taxi brand while integrating central functions including finance, procurement and back-office operations.
Strategic Growth Across The UAE
DTC Group Chairman H.E. Abdul Muhsen Ibrahim Kalbat described the acquisition as a major milestone in the company’s long-term expansion strategy.
He said the deal reinforces DTC’s confidence in the UAE’s economic growth, investment environment and long-term mobility demand.
DTC Group CEO Mansoor Rahma Alfalasi added that the acquisition is expected to be earnings accretive from the first full year of ownership.
The company also expects operational synergies worth around 5% of National Taxi’s net revenue through procurement optimisation, centralised maintenance and back-office consolidation.
Regulatory Approvals Still Required
The transaction is expected to complete in early third quarter 2026, subject to customary closing conditions and regulatory approvals, including authorisation from Dubai’s Roads and Transport Authority (RTA) and Abu Dhabi’s Integrated Transport Centre (ITC).
DTC confirmed no new equity issuance will be required for the transaction and said it remains focused on maintaining a strong balance sheet and shareholder dividend profile.
